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Closed
- Listed price
- $3,120,000
- Listed Sep 14, 2016
- Sold price
- $2,945,000
- Sold Apr 20, 2017
48,351 sqft lot|1980 Built|166 MLS days on market
2991 Mountain Ave, San Bernardino, CA 92404
Property Description
Highlights: Competitive Offering CAP Rate of 6.21 %, Competitive Offering Actual GRM of 8.80, Rental Comparables Illustrate a 97 % Occupancy Area, 7% - 8% Upside In Potential Rental Income, the property offers Gated, Covered Parking wioth Many Interior Units Having Been Updated. BBQ / Pool Area, Onsite Laundry, Non-Rent Control Community & Area. The Mountain Avenue Apartments are situated on a large 1.11 acre lot . This forty unit apartment community is composed of 20 one bedroom / one bathroom units and 20 two bedroom / one bathroom units. The property has had numerous interior and exterior updates. Contact for the full offering. The Apartment community is located in the East Lynwood Drive / Del Rosa Avenue area. The areas real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and apartment complexes. Many of the residences in the East Lynwood Drive / Del Rosa Avenue neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999. Home and apartment vacancy rates are 5-10% East Lynwood Drive / Del Rosa Avenue area.
Listing agent: ALBERT LEDRE #01468313albert.le@leinvestmentgroup.com, Listing office: LE INVESTMENT GROUP
MLS data updated 11/1/2026, 9:06:40 PM PT
Source: CRMLSMLS #: IV16702048
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,945,000
Apr 20, 2017
Available records22016–2017
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92404 · Nov 2026
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ZIP 92404 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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